His delegation therefore supported the application of the debt burden adjustment based on the debt stock approach.

Deflation discourages optimism about the future. Shifting the entire adjustment burden onto peripheral countries with current account deficits, while core countries continue to run surpluses, obstructs adjustment.

The debt burden adjustment was an integral part of the scale methodology, for external debt not only affected a country's capacity to pay but also placed a significant burden on its economy.

His delegation felt that the debt burden adjustment was an integral part of the scale methodology which had an impact on all developing countries, and cautioned against trying to limit the adjustment only to lower income States.

The debt burden adjustment must continue to be applied as a mark of the international community's solidarity with countries burdened by debt, particularly LDCs.

The setting differs, but the effect is the same. Creditors are shifting the entire burden of adjustment on to the debtor countries and avoiding their own responsibility.

The debt burden adjustment should be retained as an element of the scale methodology because external debt had a substantial impact on Member States' capacity to pay.

The low per capita income adjustment was also a vital element of the methodology, since it ensured that the burden was shifted away from those countries least able to pay.

Successive economic crises, structural adjustment programmes, and other restrictive measures have increased the burden on the most vulnerable social groups, and have accelerated the collapse of living conditions for rural women in particular.

Cuba took note of the recommendations contained in paragraphs 16, 25 and 26 of the report of the Committee on Contributions, and also noted that the Committee had been unable to make a recommendation on two topics of fundamental importance the low per capita income adjustment and the debt burden adjustment, both of which must be upheld.

This has also shifted the burden of adjustment disproportionately onto countries with floating currencies, such as the euro and the Canadian and Australian dollar. The lack of adjustment of surplus countries with inflexible exchange rate regimes means that as the US deficit falls, a counterbalancing deficit develops elsewhere in the world along with real effective exchange rate appreciation.

First, devaluation would distribute the costs of rebalancing more evenly, making it easier to clear the burden sharing hurdle to deeper reforms. Second, floating exchange rates imply that devaluation is an automatic adjustment mechanism, so it occurs without the appearance of an explicit burden sharing choice and the accompanying potential for political gridlock.

Adjustment

Automatic Adjustment

Manual Adjustment

Perspective Adjustment...

Perspective Adjustment

In the exceptional case where none of the basic adjustment methods listed in table 1 is suitable for a given adjustment case, expert review teams may use other adjustment methods.

Pension adjustment system

(c) Currency adjustment

It requires a fiscal policy that focuses not only on efficiency, but also on equity particularly on fairness in sharing the burden of adjustment, and on protecting the weak and vulnerable. It means expanding access to credit and financial services everywhere.

That no bearer of burden shall bear the burden of another

That no bearer of burden shall bear the burden of another

Adjustment methods based on clustering of countries

The Secretariat should make every effort to obtain relevant data in time for the Fifth Committee's consideration of the scale of assessments at the sixty first session, at which time the appropriateness of applying the debt burden adjustment to higher income countries should be examined.

That no bearer of a burden shall bear the burden of another,

That no bearer of a burden shall bear the burden of another,

After Tencent released the organization structural adjustment, it was reported that the adjustment will involve layoffs.

F. Post adjustment matters

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Working Hours (Adjustment) Act

(f) Currency exchange adjustment

a This scale will be implemented in conjunction with a consolidation of 5.1 per cent of post adjustment. There will be consequential adjustments in post adjustment indices and multipliers at all duty stations effective 1 March 2001. Thereafter, changes in post adjustment classifications will be implemented on the basis of the movements of the consolidated post adjustment indices.

a This scale will be implemented in conjunction with a consolidation of 3.87 per cent of post adjustment. There will be consequential adjustments in post adjustment indices and multipliers at all duty stations effective 1 March 2002. Thereafter, changes in post adjustment classifications will be implemented on the basis of the movement of the consolidated post adjustment indices.

Proposed adjustment and amendment of the Montreal Protocol

The total adjustment of 119,311 in 2004 comprises

(a) Price and wage adjustment.

In contrast to the Commission, the stated intention of a growing number of member states is to limit appropriation commitments to 1 of GDP. This would squarely shift most of the adjustment burden onto structural funds, a sure harbinger of bitter rows between old recipients and new entrants.

Structural adjustment programmes, the increasing debt burden faced by the most indebted developing countries, in particular the least developed countries, is unsustainable and constitutes one of the principal obstacles to achieving progress, sustainable development and poverty eradication strategies, that particularly affect women and girls.

(c) Revenue source's protection from adjustment

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However, its full achievement would require a period of adjustment.

(c) Adjustment of the rate of expenditures on already approved programmes.